Evelopment in Oil and Gas Retail Industries

based on the following extract:
World markets for petroleum and other liquid fuels have entered a period of dynamic
changei??in both supply and demand. Potential new supplies of oil from tight and shale
resources have raised optimism for significant new sources of global liquids. The potential
for growth in demand for liquid fuels is focused on the emerging economies of China, India,
and the Middle East, while liquid fuels demand in the United States, Europe, and other
regions with well-established oil markets seems to have peaked. After a long period of
sustained high oil prices, improvements in conservation and efficiency have reduced or
slowed the growth of liquid fuels use among mature oil consumers. The changes in the
overall market environment have led the U.S. and Europe to reassess long-term trends in
liquid fuels markets for the 2015.
Source: International Energy Outlook (IEO2014).
As an energy consultant write a report showing the main components of this reassessment,
risks and opportunities for the future dynamics of the world oil and gas industry.

Evelopment in Oil and Gas Retail Industries

Learning outcomes to be examined in this assessment
1. Demonstrate the ability to analyse the factors affecting the present size and structure of the current oil and gas retail sectors and the impact of the rising price of oil. 2. Evaluate the potential of technological change on the energy retailing industry in the next decade.

Content, style, relevance, originality
Clear demonstration of rigorous research from recognised authoritative sources. Audience focus.

Constructive critical analysis, introduction, conclusion
Demonstration of a clear understanding of the issues. Use of academic models.

Referencing Requirements:
the European Summit on March 20th and 21st, government leaders were supposed to agree climate and energy targets for 2030. Instead, they discussed Crimea, Ukraine and Russia. Leaders were right to postpone discussion of the targets, but wrong to postpone action on reducing Europeas dependence on Russian gas. Russia supplies around a third of the EUas gas. So the Union is to an extent dependent on Moscow a as it discovered when the Russians turned off the gas flow though Ukraine in 2009. But the Kremlin is, to a greater extent, dependent on revenue from oil, gas and coal exports a above all to the EU. Indeed, over half of the Russian governmentas revenue comes from the sale of fossil fuels: 19 per cent each from gas and oil and 14 per cent from coal. The EU summit conclusions did refer to the need to diversify sources of gas, and asked the European Commission to prepare a report on this. That approach lacks the urgency which the situation in Ukraine demands. If EU leaders want to impose sanctions on Russia which may change its behaviour, rather than simply slapping Putinas wrist, they should reduce purchases of Russian energy as far and fast as possible. To do that, they must develop alternative energy sources. That would cost money, but deliver major energy security, foreign policy and climate benefits. See more at: how-reduce-dependence-russian-gas#sthash.1felVk05.dpuf
Europe energy strategy tends to focus on energy efficiency, alternative sources of gas, renewable energy, coal and gas with carbon capture and storage (CCS) and nuclear power. How the new policies and technologies will impact the Oil and Gas Industry?